Cohort: Cohort 3, 2019
Focus in insurance value chain/workflow: Point of underwriting I Loss modelling & analytics I Claims
Specific lines of business supported: Corporate I SME I Captive
Founded: 2017
Status: Operating, still in insurance
Company type: MGA
Head office: United Kingdom
Main global offices: United Kingdom, USA
Locations served: United Kingdom, USA
Employee count: 11-100
FloodFlash is an MGA providing parametric commercial flood insurance in the UK and US. FloodFlash has created proprietary flood depth sensors, which it installs outside insured businesses. The business receives a pay-out when the sensor measures a flood depth that exceeds a trigger predefined by the policyholder.
Primary focus product area whilst in the Accelerator: Parametric
FloodFlash received great engagement across the market. The diversity of support offered extended beyond the insurance conversations it was expecting, taking in everything from product design to marketing and pitching. It’s also an awesome location for us to be able to bring partners, its broker connections, and the team.
"As an MGA and a Lloyd’s coverholder, the relationship with our capacity providers is essential to the smooth running of our business. The Lab has helped develop those relationships and build new ones."Ian Bartholomew, Co-Founder and Chief Underwriting Officer
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FloodFlash website 
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